Budget will promote growth: instaVaani poll

A file photo of Arun Jaitley arriving at the Parliament to present the federal budget. The budget aroused the ire of urban middle-class taxpayers with a move to tax 60% of the EPF corpus. Photo: Reuters

A majority of respondents to an instaVaani survey said budget 2016, oriented towards a rural population that has faced the brunt of two back-to-back droughts, will promote economic growth.

InstaVaani polled a total of 515 respondents across major metros about their perception of the budget, which increased spending on the rural jobs scheme and unveiled measures to boost infrastructure, including irrigation facilities, in the hinterland. The budget aroused the ire of urban middle-class taxpayers with a move to tax 60% of the Employees’ Provident Fund corpus after 1 April.

In reply to a specific question, 61% (185 of 301 respondents) said they thought the budget would boost economic growth. And 63% (207 of 331 respondents) said that they fully understood the key policy decisions of the budget.

36% of 515 respondents said the budget will have a positive impact on them and 37% replied that it would have a negative impact.